Vietnam’s real estate market is seeing a series of moves to address legal obstacles, adjust planning and accelerate project development. In Ho Chi Minh City, Working Group 1645 met with real estate businesses to review difficulties and speed up the issuance of ownership certificates for homebuyers at four projects. The city also announced 10 additional commercial housing projects eligible for sale to foreigners, bringing the total number of qualified projects to 158. In contrast, prices of townhouses and detached homes in several areas have fallen by billions of dong as sellers face financial pressure while buyers remain cautious. The Nam Thanh City five-urban-cluster project will also reduce more than 5.5 hectares of land to serve the expansion of National Highway 1. In other localities, Hai Phong has allowed six businesses to pilot 10 commercial housing projects under a new mechanism, with total expected investment exceeding VND 11.346 trillion. In Hung Yen, an investor was selecte...
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